Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Cross Above 200 Day Moving Average – What’s Next?

Shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.44 and traded as high as $34.96. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $34.15, with a volume of 1,087,294 shares trading hands.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Stock Performance

The company’s 50-day moving average price is $39.12 and its 200 day moving average price is $34.44.

Institutional Trading of Direxion Daily 20 Year Plus Treasury Bear 3x Shares

Several institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the fourth quarter valued at $12,153,000. Jump Financial LLC grew its stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 401.3% during the fourth quarter. Jump Financial LLC now owns 139,261 shares of the exchange traded fund’s stock valued at $5,533,000 after acquiring an additional 111,482 shares in the last quarter. IMC Chicago LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the fourth quarter valued at $1,539,000. MADDEN SECURITIES Corp purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the fourth quarter valued at $377,000. Finally, Virtu Financial LLC grew its stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 20.0% during the third quarter. Virtu Financial LLC now owns 52,208 shares of the exchange traded fund’s stock valued at $1,509,000 after acquiring an additional 8,686 shares in the last quarter.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Company Profile

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bear 3x Shares, seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the NYSE 20 Year Plus Treasury Bond Index (the Index). The Index is a multiple-security fixed income index that aims to track the total returns of the long-term 20-year and greater maturity range of the United States Treasury bond market.